NATWEST GROUP PLC -SPON ADR (NWG) Stock Technical Analysis
USA - NYSE:NWG - US6390572070 - ADR
Overall NWG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, NWG has proven to be a steady performer, scoring decent points in every aspect analyzed.
NWG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for NWG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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10.99
5 important support areas can be observed.
- A support zone ranging from 14.35 to 14.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.61 to 13.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.26 from a horizontal line in the weekly time frame.
- Support @12.49 from a trend line in the weekly time frame.
- Support @11.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.28 to 15.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NWG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NWG is up. |
| ChartMill Relative Strength | 88.65 | POSITIVE | NWG has a high relative strength, it outperformed 88.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NWG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NWG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.82 | NEUTRAL | The RSI value for NWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests NWG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.43 | NEUTRAL | The Stochastics value for NWG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for NWG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.91 | NEGATIVE | The low ADX value for NWG suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.29 | 14.51 | 0.78 (5.13%) | 19.51% |
| An entry @15.29. This is a Buy Stop order right above the 10 day moving average. | An exit @14.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.78 points, which is 5.13%. | When investing 19.51% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.24
-0.24 (-1.55%)
NATWEST GROUP PLC -SPON ADR / NWG FAQ
Can you provide the ChartMill technical rating for NATWEST GROUP PLC -SPON ADR?
ChartMill assigns a technical rating of 10 / 10 to NWG.
What is the trend direction for NWG stock?
The current trend direction for NATWEST GROUP PLC -SPON ADR (NWG) is Bullish.
Can you provide the RSI signal for NATWEST GROUP PLC -SPON ADR?
NATWEST GROUP PLC -SPON ADR (NWG) has an RSI value of 57.8189. This indicates that the stock is currently neutral.
What is the MACD signal for NATWEST GROUP PLC -SPON ADR (NWG) stock?
The MACD indicator for NATWEST GROUP PLC -SPON ADR (NWG) has a value of 0.0492476, indicating a bearish trend.
What are the support and resistance levels for NATWEST GROUP PLC -SPON ADR (NWG) stock?
NATWEST GROUP PLC -SPON ADR (NWG) has a support level at 14.63 and a resistance level at 15.28. Check the full technical report for our detailed analysis of NWG support and resistance levels.